Tax policy has taken on an outsized role in this year’s presidential campaign and was mentioned repeatedly in the recent presidential debate. The prominence of tax policy makes sense. In the first year of the next administration, lawmakers will have to address the automatic expiration of almost all of the 2017 Tax Cuts and Jobs Act.

In addition to addressing existing policy expirations, both presidential candidates have proposed trillions of dollars of new and expanded special interest tax breaks that undermine the simplifications made in 2017 and make the 2025 fiscal cliff even more daunting. READ MORE